I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
GEORGE SOROSWhen a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.
More George Soros Quotes
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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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Fundamental analysis seeks to establish how underlying values are reflected in stock prices, whereas the theory of reflexivity shows how stock prices can influence underlying values.
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An open society is a society which allows its members the greatest possible degree of freedom in pursuing their interests compatible with the interests of others.
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To be successful, you need leisure. You need time hanging heavily on your hands.
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Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected.
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My sense of insecurity keeps me alert, always ready to correct my errors.
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American supremacy is the greatest threat to the world today.
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My main concern is with the world order.
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It is credit that matters, not money (in other words, monetarism is a false ideology).
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Once a trend is established it tends to persist and to run it’s full course.
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I am not well qualified to criticize the theory of rational expectations and the efficient market hypothesis because as a market participant I considered them so unrealistic that I never bothered to study them.
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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
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Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
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It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.
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America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.
GEORGE SOROS